China’s tech ambition is ‘unstoppable’ — with or without the trade war, analyst says

By: Arjun Kharpal

China is closing in on the U.S. in some areas of technology and could soon even overtake America in certain respects, experts told CNBC.

The world’s second-largest economy is already showing some good progress in its push on homegrown industries such as artificial intelligence and chips. 

“China is closing the technological gap with the United States, and though it may not match U.S. capabilities across the board, it will soon be one of the leading powers in technologies such as artificial intelligence (AI), robotics, energy storage, fifth-generation cellular networks (5G), quantum information systems, and possibly biotechnology,” U.S.-based think tank the Council on Foreign Relations (CFR) said in a recent report.

It comes as Beijing gears up to celebrate the 70th anniversary of the founding of the People’s Republic of China on October 1. With much fanfare expected, the event will see the Asian giant flaunt its military prowess in a parade in Beijing and President Xi Jinping talk up the nation’s progress

To read more:

Leave a Reply

Your email address will not be published. Required fields are marked *